350zCommtech's Account Talk

[350zCommTech]

I miss you man!! Your posts are very refreshing and used my me all the times when doing DD on the I Fund. When are you coming back? take care

It's going to be a while, but on slow days or lab days, I might be a able to a few things.

 

[fabijo]

No, I'm in MPS software, about 2-3 doors down. I'll be in Unix after MPS.

That sucks! Lots of OKC time for you. I just got back from there yesterday. One of our techs here is in the UNIX class.

 

[350zCommTech]

They say that a good trader must accept that he made a mistake and move on to the next day. Yesterday, I clearly made a strategic mistake by leaving the I fund when the Dow was 100+.

 

[WIND_HUNTER]

They say that a good trader must accept that he made a mistake and move on to the next day. Yesterday, I clearly made a strategic mistake by leaving the I fund when the Dow was 100+.

This is a tough market to get a feel for. Hopefully we can get a rally tonight. Good Luck..

 

[350zCommTech]

This is a tough market to get a feel for. Hopefully we can get a rally tonight. Good Luck..

Thank you, GL to you too.

 

[350zCommTech]

Wow! Big jump on the vix today. S&P found support at 1492 again. I think the shorts are going to get squeezed tomorrow and Thursday.

 

[350zCommTech]

The F fund is taking a hit again today. Yields had a big jump up this morning but they're now modestly off their highs. I guess bond traders did most of their work yesterday. Insider trading??

The 12,000 construction jobs added makes no sense. I think yields could reverse on Monday, which would make the F fund very tempting.

 

[kar_crazy]

r u back home or r u u in ok city time to go race tonight:nuts:

 

[350zCommTech]

r u back home or r u u in ok city time to go race tonight:nuts:

I've been home for a month now.

 

[MADDOG]

The F fund is taking a hit again today. Yields had a big jump up this morning but they're now modestly off their highs. I guess bond traders did most of their work yesterday. Insider trading??

The 12,000 construction jobs added makes no sense. I think yields could reverse on Monday, which would make the F fund very tempting.

i'm tending to agree w/ you today
i'm moving some over to f fund myself
don't think the f can continue the downward plunge
md

 

[350zCommTech]

S&P is finding support at the 20 DMA. If this holds, we should see a bounce tomorrow. The S fund is hanging on just below the 50 DMA.

 

[350zCommTech]

This is looking fugly!

View attachment 1788

 

[350zCommTech]

If the S&P doesn't get back above it's 50 DMA (1521-22) soon, it will be considered a dead cat bounce and we'll see death and destruction. In fact, it looks like shorts are coming in as I type. The housing news was very bad. I just hope it doesn't tank this afternoon. I have a feeling Apple is going to disappoint. Expectations are too high.

View attachment 1792

 

[350zCommTech]

If the S&P doesn't get back above it's 50 DMA (1521-22) soon, it will be considered a dead cat bounce and we'll see death and destruction. In fact, it looks like shorts are coming in as I type. The housing news was very bad.

A few things to think about:

1) CFC admitted spill-over from sub-prime into prime.

2) Yesterday's Chrysler and Alliance LBO news.

3) Last night, another hedge fund, dealing with sup-prime CDO's, suspended redemtions.

4) Yen carry trade is in trouble

 

[mlk_man]

Do you see 1495ish as support?

 

[350zCommTech]

Do you see 1495ish as support?

Yes.

 

[mlk_man]

Just hit 1495.

 

[KCinKC]

Just hit 1495.

Sorry if I'm missing something within this string but what is the impact (positive/negative)?

 

[mlk_man]

If it falls below the support of around 1495, the next stop is probably about 1470. Looks like it bounced off 1490, for now.

 

[fedgolfer]

don't forget the 100 DMA or SMA -- around 1484'ish. a lot of these corrections find support in increments of 25 DMAs, 75 fell, let's hope 100 holds.